Mar 10

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ProPublica’s Mortgage Mod Squad: HAMP’S a Flop

As you've probably heard by now either on our program or elsewhere, the administration's Home Affordable Modification Program (HAMP for short) has been a disappointment -- to put it generously. The program, announced back in February 2009, aimed to…

EDITOR'S NOTE: Last month, we featured a week-long series of songs by our country crooning friend Merle Hazard about the Euro-debt crisis: Spain, Ireland, Italy and Germany, and an encore of the infamous Greek…

Feb 24

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Paying For Public Pensions

Editor's Note: As the fire over collective bargaining and public worker benefits burns across the country, on Thursday's broadcast we're looking at perhaps the issue behind it all: public pensions and how to pay for them. Our story takes place…

The specter of Euro-debt default is again roiling the markets. "Worries Over Europe Pose Risks for Euro," read a headline in Monday's Wall Street Journal. "Spain Pegs Cajas' Possible Problem Debt," warned another. (Cajas are the regional Spanish…

Name: Merritt Dunn Question: Since the Treasury Department bailed out AIG and AIG had underwritten a large number of credit default swaps (that I understand pay up if a certain percentage of mortgages in a portfolio go into foreclosure), then…

Jan 20

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In its heyday it boasted nearly two million people; the world's premier industry (autos); the world's most popular music (Motown); and perhaps the country's most prosperous black middle class. But Detroit's population is down 50 percent; so are wages in…

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